– May Monthly candle closed strong Bullish at 200.330 just below the April Monthly High showing an extreme Bullish momentum for a potential continuation to the upside, previous Weekly candle closed weak Bullish and the Friday closed Bullish aswell forming Daily Support around 199.520. I’ll be looking for potential Buys above 200.730 targeting 201.250 a potential Key Level as we have clean traffic from the previous ranges formed back in 2008, Leaving Runners to the Weekly Low formed on 17th August 2008 around 201.750. I’ll be looking for potential Sells below 200.030 targeting 4h previous Resistance around 199.650 and Daily Support formed around 199.230. The trend is extremely Bullish on all higher timeframes especially the Monthly so preferably is to allow price to retrace forming new Monthly Low to then establish Support on the Daily before the continuation to the upside to increase the probability of winning.
